The Production Function Is Given by F(L)= 6L^2/3

question 16

Multiple Choice

The production function is given by F(L) = 6L^2/3.Suppose that the cost per unit of labor is $16 and the price of output is $8.How many units of labor will the firm hire?

• A)16
• B)8
• C)4
• D)24
• E)None of the above.

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Definitions:

Concussion

A type of traumatic brain injury caused by a blow to the head or body, provoking temporary neurological disruption.

Prefrontal Cortex

The front part of the frontal lobe of the brain, involved in complex behaviors including planning, and heavily implicated in human personality.

Temporal Lobe

A region of the cerebral cortex located beneath the temples, responsible for processing auditory information and encoding memory, as well as being involved in understanding language and emotional response.

Parietal Lobe

A region of the cerebral cortex involved in processing sensory information regarding the location of parts of the body as well as for navigation and understanding numerical information.